Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CTO Sells 3,179 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel sold 3,179 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.97, for a total value of $235,150.63. Following the completion of the transaction, the chief technology officer now owns 165,015 shares of the company’s stock, valued at $12,206,159.55. This represents a 1.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Zillow Group Trading Down 1.7 %

Shares of Z opened at $73.04 on Monday. The business has a 50-day simple moving average of $63.61 and a two-hundred day simple moving average of $53.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a 52 week low of $37.63 and a 52 week high of $76.69.

Institutional Investors Weigh In On Zillow Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after acquiring an additional 3,272,118 shares during the period. Groupama Asset Managment bought a new position in shares of Zillow Group in the third quarter worth about $83,005,000. Dorsal Capital Management LP grew its position in shares of Zillow Group by 59.8% during the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock worth $143,809,000 after purchasing an additional 1,160,000 shares in the last quarter. Natixis bought a new stake in Zillow Group during the 1st quarter valued at approximately $41,129,000. Finally, Coronation Fund Managers Ltd. lifted its holdings in Zillow Group by 238.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock worth $40,115,000 after purchasing an additional 609,575 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Bank of America boosted their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Morgan Stanley boosted their target price on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.33.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.